LHM's subsidiary provides a guarantee for a loan of 17.75 million, with external guarantees exceeding net assets

LHM Group announced that it recently signed a one-year loan contract worth 17.75 million yuan with ZYBANK, with its wholly-owned subsidiary LHM Casting and Forging Co., Ltd. providing joint liability guarantee. Previously, the company had proposed to provide guarantees for financing through its subsidiaries, with a limit not exceeding 1 billion yuan and a validity period of 12 months. The announcement disclosed the financial data of the guaranteed party, which is not listed as a dishonest executor. As of September 10, the company and its holding subsidiaries had external guarantee balances of 1,071.8184 million yuan, accounting for 168.18% of the most recent audited net assets, with no overdue or irregular guarantees. Investors should pay attention to the relevant risks of the company's external guarantees exceeding net assets